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Vornado Realty VNO Rental revenues — Total revenues

Other product segments

BMS cleaning fees
$39.34M+7.9%
Tenant services
$11.53M+5.5%
Parking revenues
$5.17M+6.1%
Management and leasing fees
$2.72M-10.4%

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Other financials

Income statement

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Revenue$459.1M-0.5%
Net income-$7.3M-107%
EPS (diluted)-$0.12-128%

Balance sheet

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Cash & equivalents$1.2B+50.1%
Total debt$3.5B+376%
Total equity$6.0B+13.2%
Total assets$15.9B+2.1%

Cash flow

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Operating cash flow$47.7M-8.2%
CapEx$171.8M
Free cash flow-$124.1M-338%

Valuation

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Market cap$7.45B+2.7%
Enterprise value$9.74B+11.7%
P/E9.4×+1.1×
P/S4.1×+0.1×

Profitability

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Operating margin26.9%
Net margin44%+34.8pp
FCF margin75.8%+47.7pp

Returns & leverage

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Return on equity14%+11.0pp
Debt / equity0.6×+0.4×

Where this comes from

Reported directly by Vornado Realty in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Vornado Realty’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:24 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000899689-26-000026
(Amounts in thousands, except per share amounts)For the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
REVENUES:
Rental revenues$399,184$404,755
Fee and other income59,92156,824
Total revenues459,105461,579
EXPENSES:
Operating(246,631)(224,740)
Depreciation and amortization(118,528)(116,155)
General and administrative(42,245)(38,597)

Item 1. Financial Statements of Vornado Realty Trust:

FAQ

What is Vornado Realty's rental revenues — total revenues?
Vornado Realty (VNO) reported rental revenues — total revenues of $399.18M in Q1 2026.
How has Vornado Realty's rental revenues — total revenues changed year-over-year?
Vornado Realty's rental revenues — total revenues decreased by 1.4% year-over-year, from $404.76M to $399.18M.
What is the long-term trend for Vornado Realty's rental revenues — total revenues?
Over 4 years (2021 to 2025), Vornado Realty's rental revenues — total revenues has grown at a 2.3% compound annual growth rate (CAGR), from $1.42B to $1.56B.
What does rental revenues — total revenues mean?
This metric represents the total gross revenue generated from leasing activities within a specific business segment or property portfolio. It reflects the core income stream derived from contractual rent payments, including base rent and recoveries from tenants occupying the company's real estate assets. Monitoring this figure helps investors assess the revenue-generating capacity and occupancy performance of the company's primary property holdings.

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